Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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McDonald’s names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald’s new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
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Trump and Republicans brand Democrats ‘communists’ amid progressive push
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
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U.S. has used ‘virtually all’ of its long-range precision missiles during Iran war: Reuters
The U.S. Army has used up much of its stockpile of highly accurate long-range missiles during its war with Iran, people familiar with the data told Reuters.
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Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
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Palantir jumps 16% on ‘otherworldly’ commercial revenue — here’s what’s driving the demand
“Our customers have declined to become vassal states of the language labs,” Palantir’s co-founder and CEO Alex Karp said after blowout second-quarter earnings.
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Apple launches fresh legal challenge against UK encrypted data access demand
The filing comes a year on from the U.K. dropping an initial demand for access to British and American user data from Apple.
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Takaichi’s fiscal push could lift growth — and Japan’s already-rising interest bill
Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.
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Treasury yields are broadly flat as investors mull uncertainty around peace talks
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was flat at 4.686%.
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CNBC Daily Open: A U.S. yen intervention dressed in euros
Reports suggest that Washington sold euros to fund its intervention to avoid impacting the sensitive U.S Treasury market.
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Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations
President Donald Trump has warned that the latest round of negotiations with Iran are the “last chance” to bring an end to the five-month conflict.
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